NVTS Form 144 Discloses 500K-Share Sale and Multi-Million-Dollar Affiliate Sales

Rhea-AI Filing Summary

Navitas Semiconductor Corporation reports a Form 144 notice disclosing a proposed sale of 500,000 shares of Class A common stock by a broker located in Malta, with an aggregate market value of $2,860,000 and approximately 213,107,277 shares outstanding. The filing shows the shares to be sold were originally acquired on 10/19/2021 in a registered issuance related to a business combination, with an original amount acquired of 8,866,500 shares.

The notice also lists multiple recent sales by related parties over the past three months, including transactions by Atlantic Bridge III LP totaling 4,321,836 shares (with gross proceeds shown for each sale) and one sale by Brian Long of 31,460 shares. The filer affirms no undisclosed material adverse information and follows Rule 144 disclosure requirements.

Positive

• Disclosure compliance: Form 144 provides transparent notice of proposed sales and reports recent transactions consistent with Rule 144 requirements
• Source of acquisition disclosed: Shares earmarked for sale were acquired in a registered issuance from a business combination, which clarifies their origin

Negative

• Concentrated recent selling: Atlantic Bridge III LP sold large blocks totaling 4,321,836 shares in the past three months with multi-million dollar proceeds
• Potential near-term supply pressure: The proposed 500,000-share sale and recent disposals increase shares available for market trading

Insights

Securities Analyst

TL;DR: Significant secondary selling activity disclosed, showing substantial share disposition by major holders over the past three months.

The filing documents a proposed 500,000-share sale and enumerates several recent large dispositions by Atlantic Bridge III LP aggregating millions of shares with total reported gross proceeds in the tens of millions of dollars across transactions. For investors, this highlights notable insider/affiliate liquidity events and ongoing share supply from large holders. The notice complies with Rule 144 mechanics and clarifies acquisition origin as a registered issuance tied to the business combination.

Corporate Governance Expert

TL;DR: Transparent Rule 144 disclosure but raises governance questions about large affiliate sales timing and concentration of holdings.

Form 144 provides required public notice of proposed sales and lists recent sales by named sellers. The data show clustered sales by a single limited partner (Atlantic Bridge III LP) across multiple dates with substantial gross proceeds reported, which may affect market perception of insider/affiliate alignment with long-term shareholders. The filing itself offers no commentary on strategic rationale or any trading plan citation.

Form 144 Filer Information	UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 144 NOTICE OF PROPOSED SALE OF SECURITIES PURSUANT TO RULE 144 UNDER THE SECURITIES ACT OF 1933
FORM 144

144: Filer Information

Filer CIK
Filer CCC
Is this a LIVE or TEST Filing?	LIVE TEST
Submission Contact Information
Name
Phone
E-Mail Address

144: Issuer Information

Name of Issuer

SEC File Number

Address of Issuer

Phone

Name of Person for Whose Account the Securities are To Be Sold

See the definition of "person" in paragraph (a) of Rule 144. Information is to be given not only as to the person for whose account the securities are to be sold but also as to all other persons included in that definition. In addition, information shall be given as to sales by all persons whose sales are required by paragraph (e) of Rule 144 to be aggregated with sales for the account of the person filing this notice.

Relationship to Issuer

144: Securities Information

Title of the Class of Securities To Be Sold	Name and Address of the Broker	Number of Shares or Other Units To Be Sold	Aggregate Market Value	Number of Shares or Other Units Outstanding	Approximate Date of Sale	Name the Securities Exchange
Class A Common Stock, par value $0.0001 per share	Sparkasse Bank Malta Plc 101 Townsquare, Ix-Xatt ta' Qui-si-Sana Sliema O1 SLM3112	500000	2860000	213107277	09/02/2025	NASD

Furnish the following information with respect to the acquisition of the securities to be sold and with respect to the payment of all or any part of the purchase price or other consideration therefor:

144: Securities To Be Sold

Title of the Class	Date you Acquired	Nature of Acquisition Transaction	Name of Person from Whom Acquired	Is this a Gift?	Date Donor Acquired	Amount of Securities Acquired	Date of Payment	Nature of Payment *
Class A Common Stock, par value $0.0001 per share	10/19/2021	Registered issuance in business combination transaction	Issuer			8866500	10/19/2021	N/A

* If the securities were purchased and full payment therefor was not made in cash at the time of purchase, explain in the table or in a note thereto the nature of the consideration given. If the consideration consisted of any note or other obligation, or if payment was made in installments describe the arrangement and state when the note or other obligation was discharged in full or the last installment paid.

Furnish the following information as to all securities of the issuer sold during the past 3 months by the person for whose account the securities are to be sold.

144: Securities Sold During The Past 3 Months

Name and Address of Seller	Title of Securities Sold	Date of Sale	Amount of Securities Sold	Gross Proceeds
Brian Long c/o Navitas Semiconductor Corporation 3520 Challenger Street Torrance CA 90503	Class A Common Stock, par value $0.0001 per share	06/05/2025	31460	214871.8
Atlantic Bridge III LP 22 Fitzwilliam Square Dublin L2 D02 FH68	Class A Common Stock, par value $0.0001 per share	08/27/2025	500000	3026900
Atlantic Bridge III LP 22 Fitzwilliam Square Dublin L2 D02 FH68	Class A Common Stock, par value $0.0001 per share	06/12/2025	1026277	8141147.56
Atlantic Bridge III LP 22 Fitzwilliam Square Dublin L2 D02 FH68	Class A Common Stock, par value $0.0001 per share	06/11/2025	473773	3957744.39
Atlantic Bridge III LP 22 Fitzwilliam Square Dublin L2 D02 FH68	Class A Common Stock, par value $0.0001 per share	06/04/2025	2955509	19540462.19

144: Remarks and Signature

Remarks

Date of Notice

ATTENTION:

The person for whose account the securities to which this notice relates are to be sold hereby represents by signing this notice that he does not know any material adverse information in regard to the current and prospective operations of the Issuer of the securities to be sold which has not been publicly disclosed. If such person has adopted a written trading plan or given trading instructions to satisfy Rule 10b5-1 under the Exchange Act, by signing the form and indicating the date that the plan was adopted or the instruction given, that person makes such representation as of the plan adoption or instruction date.

Signature

ATTENTION: Intentional misstatements or omission of facts constitute Federal Criminal Violations (See 18 U.S.C. 1001)

FAQ

What is being proposed for sale in the NVTS Form 144?

The notice proposes the sale of 500,000 shares of Class A common stock with an aggregate market value of $2,860,000.

Who acquired the shares to be sold and when?

The shares to be sold were acquired on 10/19/2021 in a registered issuance related to a business combination.

What recent sales by insiders or affiliates are disclosed in the filing?

The filing lists multiple sales, notably Atlantic Bridge III LP selling 2,955,509, 1,026,277, 473,773, and 500,000 share blocks on various dates, and Brian Long selling 31,460 shares.

How many shares does Navitas report outstanding in this filing?

The filing shows approximately 213,107,277 shares outstanding.

Does the filer assert any undisclosed material information?

Yes. By signing, the person for whose account the securities are to be sold represents they do not know of any material adverse information that has not been publicly disclosed.